From the Desk of the Select Board

November 2022 - Edition 2

Introduction

This monthly newsletter highlights actions of the Board and its meetings to inform residents and employees of Town business.


You can connect with us on Facebook at Town of Shrewsbury and Twitter @ShrewsburyMAGov.

Stay tuned for monthly updates!

Financial Business

Mr. Mizikar reviewed the Fiscal Year 2024 Revenue Manual in a presentation. The Revenue Manual is intended to be a resource for Town residents and officials by illustrating the following: progressive levels of detail, where the Town obtains revenue, and how much revenue is anticipated in the year to come. A more detailed analysis of the revenue model for this fiscal year will be included with Fiscal Projection One.


The presentation can be found here and the recording of the presentation and discussion can be found here.


Mr. Mizikar reviewed the Five-Year Financial Forecast. Mr. Mizikar showed two models, a base increase scenario and a max increase scenario in accordance with the Override Commitments from May 2021. The base scenario provides balanced budgets, without another override required before FY2028. The Max scenario indicates the need for an override in FY2027. The projected deficit for FY2027 is slightly higher in this scenario than it was in September due to adjustment for funding the cemetery expansion inside the base tax levy.


The Board discussed the timeliness of an override and wanting to stretch out this last one as long as possible, but not waiting too long that it is an urgent and emergency situation.


The recording of the discussion can be found here.

November 2022 Select Board Meeting Highlights

Select Board Meeting of Nov 1, 2022
Select Board - November 15, 2022

Select Board Roundtable November 2022

Select Board Roundtable - November 2022

Select Board Meeting

Tuesday, Dec. 6th, 7pm

100 Maple Avenue

Shrewsbury, MA

Selectmen's Meeting Room

ARPA Funding Public Forum

Tuesday, Dec. 13th, 6:30pm

98 Maple Avenue

Shrewsbury, MA

Select Board Meeting

Tuesday, Dec. 20th, 7pm

100 Maple Avenue

Shrewsbury, MA

Selectmen's Meeting Room

About Us

The Select Board acts as the Town's Chief Executive Body responsible for the community's general welfare following guidelines set forth in Operational Policies for the Select Board. Specific powers and responsibilities of the Select Board are set forth in Chapter 559 of the Acts of 1953 which is better known as the Town Manager Act and the General Laws of the Commonwealth of Massachusetts.